Bear Market didn’t Hurt Crypto Fundamentals – Fidelity
No, things are not as bad as they may seem to some – if anything, we are stronger than ever and primed and ready for take-off
Bear Market Didn’t Hurt Crypto Fundamentals, Claims Fidelity
“On Oct. 27, the portfolio and asset manager published its “2022 Institutional Investor Digital Assets Study,” an annual report shedding light on the crypto industry from an institutional perspective.
The research revealed that the market is now well-positioned to weather the macroeconomic headwinds it has faced in recent months. Fidelity Digital Assets President, Tom Jessop, commented:
‘We believe that digital assets fundamentals remain strong and that the institutionalization of the market over the past several years has positioned it to weather recent events.’”